Absolem Engineering
ActiveSummary
Absolem Engineering has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €37,888. Equity has been growing by about 41% per year since 2018. Its solvency ranks better than 61% of 2,559 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-04-2016 Normal situation
- Registered office
- 11 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 2 others
- Establishment unit
- 2.253.525.081 2300 Turnhout, since 02-05-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
- Broun & Wolf BVDirector · since 21-12-2021
- BROUN & BRICKS74.42%2025 annual accounts of BROUN & BRICKS
- ABSOLEM ENGINEERS25.12%· score 772025 annual accounts of ABSOLEM ENGINEERS
- Broun & Wolf0.01%· score 882025 annual accounts of Broun & Wolf
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €406,959
- ▼ 49.3%
- Turnover
- ≈ €1.0m
- estimated
- Profit
- €37,888
- ▼ 93.3%
- Equity
- €1.2m
- ▲ 3.2%
- Total assets
- €2.1m
- ▼ 13.3%
Score breakdownraises riskLiquidity: current ratio 2.38, cash €3,924, halvedlowers riskSize: total assets €2.1mSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Figures for financial year 2025 (filed on 30-07-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 68% of them on solvency, 28% on liquidity, 41% on profitability and 48% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 9 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 88% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | - | €150,000 | €150,000 | €150,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,705 | €11,964 | €17,093 | €44,825 | €66,162 |
| Intangible fixed assets | - | €0 | - | - | - |
| Financial fixed assets | - | - | €3,000 | €51,000 | €0 |
| Depreciation and write-downs of the year | €112,955 | €112,023 | €116,195 | €122,269 | €133,887 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €2,370 awarded · €2,156 paidPublic contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Comparable companies
These companies have the same main activity as Absolem Engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €1.6m and €4.5m, founded between 2010 and 2018.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| Absolem Engineering Turnhout | 2016 | €2.1m | €1.2m | €0.4m | - | €0.04m | 0 | 2025 |
| ADENS ADVISORS Leuven | 2018 | €1.8m | €0.8m | €0.4m | - | €0.2m | 0 | 2025 |
| GREEN CITY WALLONIE 2 Saint-Ghislain | 2016 | €1.6m | €0.4m | €0.4m | €0.2m | €0.04m | 0.4 | 2025 |
| SunUnited Kontich | 2010 | €1.6m | €0.9m | €0.4m | - | -€0.006m | 0 | 2025 |
| BREAKAWAY Balen | 2016 | €4.5m | €3.0m | €0.3m | - | €0.5m | 0 | 2025 |
| MK PROJECTS Veurne | 2013 | €2.4m | €0.2m | €0.2m | - | €0.08m | 0 | 2025 |
| DASSONVILLE CMA Soignies | 2016 | €3.0m | €0.7m | €0.3m | - | €0.2m | 0.8 | 2025 |
They were chosen from the 6,767 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,049 companies had the same profile as Absolem Engineering has now. Two years later, 0.4% had gone bankrupt and 96.0% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of Absolem Engineering itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for Absolem Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,972 | €29,860 | €113,913 | €112,955 | €112,023 | €116,195 | €122,269 | €133,887 | ▲ 9.5% |
| Other operating charges640/8 | - | - | - | €969 | €1,944 | €1,526 | €1,586 | €1,256 | ▼ 20.8% |
| Non-recurring operating charges66A | - | - | - | - | - | €20,745 | €59,663 | €200,000 | ▲ 235% |
| Gross operating margin9900 | €54,121 | €46,738 | -€207,352 | €1,676 | €75,266 | €200,691 | €802,479 | €406,959 | ▼ 49.3% |
| Operating profit (loss)9901 | €41,446 | €16,273 | -€325,203 | -€112,248 | -€38,701 | €62,226 | €618,961 | €71,817 | ▼ 88.4% |
| Financial income75/76B | - | - | - | €0 | €0 | €53 | €3,960 | €33,722 | ▲ 752% |
| Recurring financial income75 | €0 | €1,307 | €1 | €0 | €0 | €53 | €3,960 | €33,722 | ▲ 752% |
| Financial charges65/66B | - | - | - | €4,979 | €6,510 | €41,534 | €30,800 | €38,501 | ▲ 25.0% |
| Recurring financial charges65 | €4,189 | €6,037 | €15,979 | €4,979 | €6,510 | €41,534 | €30,800 | €38,501 | ▲ 25.0% |
| Profit (loss) for the period before taxes9903 | €37,257 | €11,544 | -€341,181 | -€117,227 | -€45,211 | €20,745 | €592,121 | €67,038 | ▼ 88.7% |
| Income taxes67/77 | -€22,119 | -€11,762 | €0 | - | - | - | €27,520 | €29,150 | ▲ 5.9% |
| Profit (loss) for the period9904 | €59,375 | €23,305 | -€341,181 | -€117,227 | -€45,211 | €20,745 | €564,601 | €37,888 | ▼ 93.3% |
| Profit (loss) for the period to be appropriated9905 | €59,375 | €23,305 | -€341,181 | -€117,227 | -€45,211 | €20,745 | €564,601 | €37,888 | ▼ 93.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €1.5m | €1.5m | €1.5m | €1.3m | €1.6m | €2.4m | €2.1m | ▼ 13.3% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.5m | €1.0m | €0.9m | €0.8m | €0.7m | €0.6m | €0.6m | €0.5m | ▼ 19.5% |
| Intangible fixed assets21 | €0.5m | €0.8m | €0.7m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 20.0% |
| Tangible fixed assets22/27 | €0.02m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 9.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €0.002m | - |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.08m | €0.08m | €0.09m | €0.09m | ▼ 4.7% |
| Other tangible fixed assets26 | - | - | - | €0.09m | €0.07m | €0.06m | €0.05m | €0.07m | ▲ 29.1% |
| Financial fixed assets28 | €0.002m | €0.003m | €0.007m | €0.007m | €0.007m | €0.01m | €0.06m | €0.007m | ▼ 87.6% |
| Current assets29/58 | €0.2m | €0.5m | €0.6m | €0.7m | €0.6m | €1.0m | €1.8m | €1.6m | ▼ 11.3% |
| Stocks and contracts in progress3 | €0 | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Stocks30/36 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts receivable within one year40/41 | €0.2m | €0.4m | €0.5m | €0.6m | €0.5m | €0.9m | €1.6m | €1.6m | ▼ 4.2% |
| Trade receivables40 | - | - | - | €0.6m | €0.5m | €0.9m | €1.2m | €0.4m | ▼ 62.9% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.04m | €0.02m | €0.5m | €1.1m | ▲ 143% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.04m | €0.05m | €0.02m | €0.02m | €0.1m | €0.004m | ▼ 96.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.06m | €0.07m | €0.05m | ▼ 24.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €1.5m | €1.5m | €1.5m | €1.3m | €1.6m | €2.4m | €2.1m | ▼ 13.3% |
| Equity10/15 | €0.07m | €0.09m | €0.8m | €0.6m | €0.6m | €0.6m | €1.2m | €1.2m | ▲ 3.2% |
| Contributions10/11 | €0.07m | €0.07m | - | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €0 | €0.03m | €0.03m | €0.03m | €0.03m | €0.05m | €0.1m | €0.1m | ▲ 34.4% |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | €0.05m | €0.1m | €0.1m | ▲ 34.4% |
| Profit (loss) carried forward14 | €0.005m | €0 | -€0.3m | -€0.5m | -€0.5m | -€0.5m | €0 | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.7m | €1.4m | €0.8m | €0.9m | €0.7m | €1.0m | €1.3m | €0.9m | ▼ 28.6% |
| Amounts payable after more than one year17 | €0.01m | €1.1m | €0.05m | €0.02m | €0.005m | €0 | - | €0.1m | - |
| Financial debts170/4 | - | - | - | €0.02m | €0.005m | €0 | - | €0.1m | - |
| Amounts payable within one year42/48 | €0.7m | €0.3m | €0.6m | €0.9m | €0.7m | €1.0m | €1.3m | €0.7m | ▼ 46.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.02m | €0.005m | €0 | €0.06m | - |
| Financial debts43 | - | - | - | €0.1m | €0.1m | €0.3m | €0.4m | €0.3m | ▼ 34.6% |
| Credit institutions430/8 | - | - | - | €0.1m | €0.1m | €0.3m | €0.4m | €0.3m | ▼ 34.6% |
| Trade debts44 | €0.5m | €0.07m | €0.02m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 5.2% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 5.2% |
| Advances received on contracts in progress46 | - | - | - | €0.03m | €0 | - | €0.5m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.01m | €291 | €0 | - | - |
| Taxes450/3 | - | - | - | €0.03m | €0.01m | €291 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.3m | €0.4m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | - | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,375 | €23,305 | -€341,181 | -€117,227 | -€45,211 | €20,745 | €564,601 | €37,888 | ▼ 93.3% |
| + Depreciation and write-downs630 | €10,972 | €29,860 | €113,913 | €112,955 | €112,023 | €116,195 | €122,269 | €133,887 | ▲ 9.5% |
| Operating cash flow (approximation) | €70,347 | €53,165 | -€227,268 | -€4,272 | €66,812 | €136,939 | €686,869 | €171,775 | ▼ 75.0% |
| Investment in fixed assets (approximation) | - | -€512,618 | -€35,689 | -€2,705 | -€11,964 | -€20,093 | -€92,825 | -€15,162 | ▲ 83.7% |
| Change in cash | - | -€1,774 | €13,523 | €10,153 | -€32,392 | -€1,029 | €107,500 | -€123,771 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00352098 | NBB |
| 31-12-2024 | abbreviated format | 11-02-2025 | 2025-00032629 | |
| 31-12-2023 | abbreviated format | 15-07-2024 | 2024-00243771 | |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00261901 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20244125 | |
| 31-12-2020 | abbreviated format | 20-07-2021 | 2021-37700156 | |
| 31-12-2019 | abbreviated format | 16-09-2020 | 2020-53400539 | |
| 31-12-2018 | abbreviated format | 29-07-2019 | 2019-39500068 | |
| 31-12-2017 | abbreviated format | 31-07-2018 | 2018-42700426 |
Board & ownership
Directors
Owners and capital
Shareholders
3 ownersChain of control
- Broun & Wolf
- BROUN & BRICKS
- Absolem Engineering
Owners 3
- BROUN & BRICKSparentEquity €75,266 Loss of €4,666 in 2025 (loss of €4,409 in 2024)74.42%
- Equity €80,137 Loss of €14,150 in 2025 (loss of €29,191 in 2024) Checked score 7725.12%
- Equity €986,788 Profit of €5,325 in 2025 (profit of €47,543 in 2024) Checked score 880.01%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Broun & Wolf BV |
|
| Rewilding Work |
|
Network & group
Companies at the same address
10 other companies- AOP Orphan Pharmaceuticals Belgium Registered office · since 2025 1029617089
- SciPharm S.à.r.l. Establishment · since 2025 1026398867
- TAXANDRIA TECHNOLOGY Registered office · since 2023 0729867095
- M-Food natural ingredients Registered office · since 2022 0778599895
- Exion Hydrogen Belgium Registered office · since 2021 0771543839
- Trivec Systems Europe Registered office · since 2018 0718633408
- ABSOLEM ENGINEERS Establishment · since 2016 0828556083
- Ergotrics Registered office · since 2014 0506642480
- SADECHAF Registered office · since 1992 0446933735
- TRIVEC SYSTEMS BELGIUM Registered office · since 1988 0897334231
Connections & network
1 current directorThe network starts from the directors of Absolem Engineering. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
11-01
Gazette deed
Resignation: Rewilding Work bv (director)Permanent representatives: Ank De Wilde and Bruno Dejaeghere · Board rule · Director discharge7 points ▸
- General meeting, 04-09-2023
- Director resignation, Rewilding Work bv (director)
- Permanent representative, Ank De Wilde
- Board rule, 1
- Board composition, Broun & Wolf bv (director)
- Permanent representative, Bruno Dejaeghere
- Director discharge, bestuursorgaan
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13453O0959/00N004 | Flanders | 13.4 ha | 1 · 2.5 ha | 18.2 m · 3 |